FX headwinds cancel out HSBC’s Q3 RWAs cut
HSBC’s efforts to lower its risk-weighted assets (RWAs) were undercut by foreign currency effects in the third quarter. These added $14.2 billion to RWAs over the three months to end-September, almost entirely offsetting $15.1 billion of reductions achieved by shrinking its portfolio and refining its credit risk models.
As of end-September, the bank’s RWAs stood at $857 billion, virtually flat on three months prior. Excluding currency effects, though, they would have shrunk 1.4%.
A reduction
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Banks
Regulation
EU banks fret over mismatches on ESG disclosure rules
Different timelines for banks and their clients could stymie comparisons between banks
Receive this by email